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差不多占总员工的3.5个百分点。
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Finning Canada has laid off 160 salaried staff in Alberta and B.C. as sales of Caterpillar equipment slows in the economic downturn.
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9 a7 N( _. N5 p! wEvery office and every staff level, from support staff to management, in both provinces were affected, human resources vice-president Miles Hunt said Thursday.
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Twenty-nine people lost their jobs in Edmonton, where Finning Canada has its head office.
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7 n, t8 \( Q4 ?9 l& @ d"It's the toughest decision we have to make in our business life, and it's been a hard few days for us," Hunt said.& e: @4 s8 W! V: l
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It brings Finning Canada's workforce down to about 4,300./ i! I- A. U- F( k! Y3 h
; O: K% Y$ K' uNo hourly workers - who service and rebuild construction and mining equipment - are affected.
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In fact, the company is still hiring mechanics and technicians, Hunt said.
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"That's the paradoxical thing. Even though things are changing, Fort McMurray (Alta.) is still growing, and we need more people up there," he said.
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"It's our customers who are going to get us through this, and that's the last place we want to cut."
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1 |0 y y+ i4 x( ?9 b, wThe recent delays and cancellations of oilsands projects - a major income source for Finning - was not a factor in the layoffs, Hunt said.
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"We're still very busy in the oilsands."
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Hunt said Finning has been immune to recent downturns, but is now being affected by slowing sales in some areas.: x/ ?- A9 y+ T$ {; \5 E
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They will continue to monitor the situation, but "we can't say it's the end" of layoffs, he added.
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h% s1 |) P$ T7 X6 M' oThe employees, most of whom got the bad news Wednesday, will get severance packages and outplacement help, he said.
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1 Y- v2 S7 D" K8 c, NMike Waites, CEO of Vancouver-based parent company Finning International Inc., recently lowered the 2008 earnings guidance due to a slowdown in some of its businesses in Western Canada and the United Kingdom.
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Demand for new equipment will likely soften and some purchases may be deferred, but that will result in an increase in its parts and service business - Finning's most profitable business - he said.
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" f, l$ H3 S( s" x: D: \6 rFinning reported third-quarter net income of $64.8 million compared to $63.6 million for the same quarter last year. Revenues were a record $1.46 billion, compared to $1.33 billion a year before.
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Its order backlog has also grown to a new record of $2 billion, dominated by mining equipment, "and provides good revenue visibility for 2009 and into 2010," Waites said. |
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